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Management Sciences 5307 MCQs [All-Courses]

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Management Sciences focuses on the planning, organizing, leading, and controlling of resources to achieve organizational goals.This subject is highly important for competitive exams, academic study, and professional careers in the business and public sectors.

All Topics  5307

Which of these is not a special purpose journal?
A Cash journal
B Purchase journal
C Debtors journal
D Sales journal
Correct Answer: Debtors journal
A book wherein various accounts are opened is called____________?
A Subsidiary books
B Journal
C Ledger
D Trial Balance
Correct Answer: Ledger
Posting is the process of____________?
A Posting the letters in drop box
B Posting suitable person to a suitable job
C Entering in the ledger the information contained in the ledger
D All the three
Correct Answer: Entering in the ledger the information contained in the ledger
Goodwill A/c is a/an__________?
A Nominal A/c
B Tangible Asset
C Intangible Asset
D Fictitious Asset
Correct Answer: Intangible Asset
Which of the following is a Nominal A/c ?
A Outstanding Salary A/c
B Rent A/c
C SBI A/c
D Debtors A/c
Correct Answer: Rent A/c
Which of the following is a representative Personal A/c?
A Outstanding Salary A/c
B Rent A/c
C SBI A/c
D Bad debts A/c
Correct Answer: Outstanding Salary A/c
Which of the following is a Real A/c?
A Salary A/c
B Bank A/c
C Building A/c
D Goodwill A/c
Correct Answer: Building A/c
Which of these is a Part of cash in hand?
A Postage stamps
B B/R
C Cheque Deposited with Bank
D B/R endorsed
Correct Answer: Postage stamps
Petty cash balance is a/an___________?
A Assets
B Expenditure
C Liability
D None
Correct Answer: Assets
Which column of a cash book will not have credit balance___________?
A Bank column
B Discount column
C Cash column
D None
Correct Answer: Cash column
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